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Trading Made Simple(r)

  • #6,661
  • Mar 28, 2021 5:13pm Mar 28, 2021 5:13pm
Quoting RobinHood
I want to share 1 new entry method and 1 new exit method that I have not discussed here before. These 2 new entry and exit methods are not perfect, no entry or exit methods are, but, I think this exit method will really simplify Exits for some traders...should they choose to use it. Look at this 4 hour chart: {image} 1. The green boxes in the image above represent the long trades. 2. The red boxes in the image above represent the short trades. Here's how it works: ENTRIES There are 2 types of entries - one old (# 1) and one new (# 2). 1. The way...
Thank you for sharing. I have a question I hope you will answer. New entry "Stochastic turns from a gray line to blue or green for long trades OR red or orange for short trades", do you wait after the candle closes or enter when the Stochastic turns color without waiting for the candle to close?
  • #6,662
  • Mar 28, 2021 5:40pm Mar 28, 2021 5:40pm
Quoting RobinHood
{quote} There is no foolproof method. However, here's another different method that I often use. You might want to consider trying this to see how it works for you... 1. Stop waiting for the Daily chart...just completely ignore it. 2. Add a 20 SMA and a 200 SMA to your 4 hour charts (this also works on every other time frame). 3. When the 20 SMA is > (greater than) the 200 SMA, only take the long trades when you get a signal. When the 20 SMA is < (less than) the 200 SMA, only take the short trades when you get a signal. Just for the sake of clarity,...
please describe entry exit analysis your another method including image
  • #6,663
  • Mar 29, 2021 3:44am Mar 29, 2021 3:44am
Quoting kecodon
{quote} Thank you for sharing. I have a question I hope you will answer. New entry "Stochastic turns from a gray line to blue or green for long trades OR red or orange for short trades", do you wait after the candle closes or enter when the Stochastic turns color without waiting for the candle to close?
Once you see the Stochastic turning to a color other than gray, you then wait for the current bar to close before you enter.
Always a Student, Never a Master - Emulate What Works
  • #6,664
  • Edited 6:15am Mar 29, 2021 4:21am | Edited 6:15am
Quoting RomanSharmin
{quote} please describe entry exit analysis your another method including image

To be honest, I have many different methods I use to enter a trade, but it would take far too much time and energy to go through them all properly, so, for now, I will just post my favorite way to enter. (Most likely as time goes by, I will post some other ways.)

I call it a: Continuation Trade

On the chart below...there are 4 moving averages:

4 EMA (Yellow Line)
8 EMA (Magenta Line)
20 SMA (Blue Line)
200 SMA (Light Blue/Purple Line) *On the chart I posted below, it's in the top right corner.

Attached Image (click to enlarge)
Click to Enlarge Name: Entry Example.PNG Size: 146 KB

Ideally, you only take long trades when the 20 SMA is above the 200 SMA.

Ideally, you only take short trades when the 20 SMA is below the 200 SMA.

(I say Ideally, because sometimes I break this rule if I have a good enough reason.)

Look at the chart above, the 20 is below the 200 so you can only take short trades.

Now look at the white boxes I placed on the chart.

Notice that both the 4 EMA (yellow line) and the 8 EMA (magenta line) are both below the 20 SMA (blue line).

1. For short trades the magenta line must always remain below the blue line before you can enter.

2. When the yellow line crosses above the magenta line, and then crosses back down through it, that's when you enter.

Note: It does not matter if the yellow line rises slightly above the blue line, what matters most is that the magenta line stays below the blue line.

3. Typically, you place your stop just above 1 or 2 bars back, or any other logical place. That's up to you because there is no one perfect spot to place a stop.

Please Note: While there is something special about the 20 SMA and the 200 SMA, there is nothing special about the 4 EMA and the 8 EMA, I just use them to paint me the picture I need to see for this type of entry. You could use almost any other two short length moving averages that are close together, such as the: 2 & 4, 3 & 6, 5 & 8, 6 & 9, etc. They pretty much all work the same for this type of entry.
Always a Student, Never a Master - Emulate What Works
  • #6,665
  • Mar 29, 2021 6:42am Mar 29, 2021 6:42am
Quoting RobinHood
{quote} To be honest, I have many different methods I use to enter a trade, but it would take far too much time and energy to go through them all properly, so, for now, I will just post my favorite way to enter. (Most likely as time goes by, I will post some other ways.) I call it a: Continuation Trade On the chart below...there are 4 moving averages: 4 EMA (Yellow Line) 8 EMA (Magenta Line) 20 SMA (Blue Line) 200 SMA (Light Blue/Purple Line) *On the chart I posted below, it's in the top right corner. {image} Ideally, you only take long trades when...
Thanks please Template
we(husband and wife)) are fighting since 2011 on forex loss and loss. hope that must be winner with your strategy
  • #6,666
  • Mar 29, 2021 8:46am Mar 29, 2021 8:46am
Quoting RomanSharmin
{quote} Thanks please Template we(husband and wife)) are fighting since 2011 on forex loss and loss. hope that must be winner with your strategy
There is no template. I told you which moving averages (and which colors) I use so just add them to your chart.
Always a Student, Never a Master - Emulate What Works
  • #6,667
  • Mar 30, 2021 4:40am Mar 30, 2021 4:40am
Thanks for sharing Robin Hood, I followed Big E to a point but the redrawing of the TDI was a constant pain so I also ditched it early on. I use stochastics with a 12LSMA as well but I like addition of the RSI. I always used the Synergy HA candles but the inclusion of the original HA indicator is a nice touch and I am now trying it myself.
Thanks Again for your work
  • #6,668
  • Mar 30, 2021 7:21am Mar 30, 2021 7:21am
Quoting Splurge
Thanks for sharing Robin Hood, I followed Big E to a point but the redrawing of the TDI was a constant pain so I also ditched it early on. I use stochastics with a 12LSMA as well but I like addition of the RSI. I always used the Synergy HA candles but the inclusion of the original HA indicator is a nice touch and I am now trying it myself. Thanks Again for your work
You're welcome.

Thanks for posting.
Always a Student, Never a Master - Emulate What Works
  • #6,669
  • Mar 30, 2021 10:21am Mar 30, 2021 10:21am
Quoting RobinHood
{quote} To be honest, I have many different methods I use to enter a trade, but it would take far too much time and energy to go through them all properly, so, for now, I will just post my favorite way to enter. (Most likely as time goes by, I will post some other ways.) I call it a: Continuation Trade On the chart below...there are 4 moving averages: 4 EMA (Yellow Line) 8 EMA (Magenta Line) 20 SMA (Blue Line) 200 SMA (Light Blue/Purple Line) *On the chart I posted below, it's in the top right corner. {image} Ideally, you only take long trades when...
Great stuff, this is actually very similar to how I currently trade. I prefer this for some of the following reasons:
- Less switching between lower and higher timeframes as the multiple MA's give you a short term and long term view of where price was and where its heading towards
- Easier to see when markets are ranging (the MA's become all tangled up)
- Easier to see market dynamics (look at distance from 200 MA for instance and how ma's are fanned out)
- Simple jap candlesticks (HA candlesticks can give a false impression of profitability sometimes)
- Easier to setup on different trading platforms

Of course, I may change my mind in the future, but currently this type of setup is working better for me.
  • #6,670
  • Apr 5, 2021 2:58am Apr 5, 2021 2:58am
First of all thanks for sharing this method of trading with us newbies RohinHood. Currently I am reading the thread from the beginning and practising on a small live account and I had a question if anyone can guide me i I'll appreciate it.

If, for whatever reason, I am not there at the 4h candle close but yes after 20-30 min and a set up was formed would you still recommend to enter or just wait for the next set up to form?

Thanks in advance. Hope everyone is having a nice day.
  • #6,671
  • Apr 6, 2021 1:49am Apr 6, 2021 1:49am
Quoting RobinHood
I want to share 1 new entry method and 1 new exit method that I have not discussed here before. These 2 new entry and exit methods are not perfect, no entry or exit methods are, but, I think this exit method will really simplify Exits for some traders...should they choose to use it. Look at this 4 hour chart: {image} 1. The green boxes in the image above represent the long trades. 2. The red boxes in the image above represent the short trades. Here's how it works: ENTRIES There are 2 types of entries - one old (# 1) and one new (# 2). 1. The way...
hi @RobinHood, thank you for sharing this new ways to entry/exits I値l practice them and I値l add the moving averages all well.

I知 wondering if you use at all swingsman indicator.

Many thanks for all your help.

Best,
CGN
  • #6,672
  • Apr 6, 2021 8:04am Apr 6, 2021 8:04am
Does "the low of the 2nd candle back" mean the low of normal candle or the low of HeikenAshi/SynergyAPB bar?

Thx.

Stop Placement Methods

For Long Trades: Just below the low of the 2nd candle back behind the bar you entered on

For Short Trades: Just above the high of the 2nd candle back behind the bar you entered on

Note: You can put the stop at the high or low 1 candle back, but it will get hit much more often
  • #6,673
  • Apr 6, 2021 9:24am Apr 6, 2021 9:24am
Quoting dbsdsun
Does "the low of the 2nd candle back" mean the low of normal candle or the low of HeikenAshi/SynergyAPB bar? Thx. Stop Placement Methods For Long Trades: Just below the low of the 2nd candle back behind the bar you entered on For Short Trades: Just above the high of the 2nd candle back behind the bar you entered on Note: You can put the stop at the high or low 1 candle back, but it will get hit much more often
the low of HeikenAshi/SynergyAPB bar
  • #6,674
  • Apr 6, 2021 2:43pm Apr 6, 2021 2:43pm
Quoting cgninvesting
{quote} the low of HeikenAshi/SynergyAPB bar
if that's the case, should I use close of of HeikenAshi/SynergyAPB for stop or just real close? thx
  • #6,675
  • Apr 9, 2021 8:14am Apr 9, 2021 8:14am
Quoting samussch
First of all thanks for sharing this method of trading with us newbies RohinHood. Currently I am reading the thread from the beginning and practising on a small live account and I had a question if anyone can guide me i I'll appreciate it. If, for whatever reason, I am not there at the 4h candle close but yes after 20-30 min and a set up was formed would you still recommend to enter or just wait for the next set up to form? Thanks in advance. Hope everyone is having a nice day.
You're welcome.

If the price is still close to the entry signal price then I would take the trade, otherwise I probably wouldn't.
Always a Student, Never a Master - Emulate What Works
  • #6,676
  • Apr 9, 2021 8:16am Apr 9, 2021 8:16am
Quoting cgninvesting
{quote} hi @RobinHood, thank you for sharing this new ways to entry/exits I値l practice them and I値l add the moving averages all well. I知 wondering if you use at all swingsman indicator. Many thanks for all your help. Best, CGN
You're welcome.

Yes, I use Swingman's indicator.

I use the # 1 template that I posted on Page 1 and I add Swingman's indicator to the bottom of the chart.
Always a Student, Never a Master - Emulate What Works
  • #6,677
  • Apr 9, 2021 8:17am Apr 9, 2021 8:17am
Quoting dbsdsun
Does "the low of the 2nd candle back" mean the low of normal candle or the low of HeikenAshi/SynergyAPB bar? Thx. Stop Placement Methods For Long Trades: Just below the low of the 2nd candle back behind the bar you entered on For Short Trades: Just above the high of the 2nd candle back behind the bar you entered on Note: You can put the stop at the high or low 1 candle back, but it will get hit much more often
Because we are using the HeikenAshi/SynergyAPB candles, it means the low or high of those candles.
Always a Student, Never a Master - Emulate What Works
  • #6,678
  • Apr 9, 2021 8:20am Apr 9, 2021 8:20am
Quoting dbsdsun
{quote} if that's the case, should I use close of of HeikenAshi/SynergyAPB for stop or just real close? thx
There's no need to be exactly precise. Just place the stop slightly below the low of the candle 2 bars back for long trades and do the reverse for short trades.
Always a Student, Never a Master - Emulate What Works
  • #6,679
  • Apr 9, 2021 8:21pm Apr 9, 2021 8:21pm
Quoting RobinHood
{quote} You're welcome. Yes, I use Swingman's indicator. I use the # 1 template that I posted on Page 1 and I add Swingman's indicator to the bottom of the chart.
Thank you Iｴm doing the same

Do you have a template for mt5 by chance?

Best,
CGN
  • #6,680
  • Apr 9, 2021 9:13pm Apr 9, 2021 9:13pm
Quoting RobinHood
{quote} You're welcome. Yes, I use Swingman's indicator. I use the # 1 template that I posted on Page 1 and I add Swingman's indicator to the bottom of the chart.
Hi RobbinHood,

Thank you for your awesome thread. What is Swingman's indicator? Can you or anyone share it here?
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